Bank of Kigali office in Kenya shut
Business
By
Sharon Wanga
| Apr 05, 2024
The Central Bank of Kenya has announced the closure of the Bank of Kigali representative office in Kenya, starting April 2, 2024.
The decision was arrived at following a meeting with Bank of Kigali Group Plc, the parent company, agreeing to lay their focus on digital service delivery.
The bank will cease operation in Kenya effective April 2, CBK stated.
Bank of Kigali's office was first established in Kenya in February 2013.
Headquartered in Kigali, it was founded in 1966 and has been operating legally.
READ MORE
Tobacco farmers seek tax relief as MPs review Tobacco Control Bill
Stakeholders support Tobacco control law, propose measures to tighten regulation
Tharaka University student drowns in River Kathita
Lawyer Nyachoti seeks to withdraw from Sh145 billion KCB case
What Ruto at 4 "Scorecards" tell us about data anarchy
Health sector calls for urgent recovery after nurses' strike
Public hospitals struggle to resume services as families blame government
Government blew 30.60b on travel last year
Rex Masai inquest closed after DPP calls 30 witnesses
Senate asked to reject Bill seeking to allow inter county transfer of staff
According to CBK, the Rwandan government controls majority shareholding in the bank.
Bank of Kigali is also cross-listed on the Nairobi Securities Exchange (NSE).